Kicwamba Tukole Group, Rukungiri

Hardworking M. John, aged 46, started up his hardware shop business over ten years ago. His business has, for the most part, been dealing in general building merchandise. Being strategically located in Rwenshaka, Rukungiri town, he gets many customers, earning him profits of 173,000 Ugandan shillings monthly.

John’s main drawback is having a small amount of stock that cannot match the demand from his customers. With his pub and banana-sales side-businesses, however, he has managed to cut both ways in situations like the aforementioned. John started off as a farmer and he has never looked back. He has built up enough experience that things are currently playing into his hands.

With this loan, John hopes to buy more hardware stock for his business. He is looking at buying more iron sheets, nails and cement. This, he figures, will help him expand his business market and also earn more sales revenue to cater for the family requirements of his four children who are still attending school, and also enable him to progress economically.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.